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Directors & Officers Liability

Directors & Officers (D&O) Liability insurance is designed to protect the people who serve as directors or officers of a company from personal losses if they are sued by the organization’s employees, vendors, customers or other parties.

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Directors & Officers Liability

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CLEAR Insurance provides a single point of contact for clear, understandable and unbiased recommendations for all your insurance needs. Whether in the area of commercial coverages for a business or in personal coverage, the CLEAR Insurance team is here to help you protect what matters most.

What does Directors & Officers (D&O) Liability Insurance cover?

D&O insurance can cover defense costs, settlements and other financial protection for managers against the consequences of actual or alleged “wrongful acts”. Policies cover the personal liability of company directors but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them. Directors & Officers insurance is an important aspect of a corporate risk management strategy and can help your company attract and retain qualified executives and board members.

Who is D&O insurance right for?

Any business, including private companies, public companies and financial institutions with a board of directors should have Directors & Officers liability insurance coverage.

What if I do not have D&O insurance?

If your business works with vendors or government entities, or has employees or customers, you may have exposure that could make your organization and its executives vulnerable to costly legal action and personal losses.

Common D&O risk scenarios?
  • Employment practices & HR issues
  • Shareholder actions
  • Reporting errors
  • Inaccurate or inadequate disclosure
  • Misrepresentation in a prospectus
  • Decisions exceeding the authority granted to a company officer
  • Failure to comply with regulations or laws
  • Corporate manslaughter
  • Insolvencies
  • Creditor claims
  • Mergers and acquisitions
  • Divestitures
  • Competitor claims
  • Claims made by the company itself
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